AT&T Inc. (NYSE:T - Get Free Report) was up 2.9% on Thursday . The company traded as high as $27.21 and last traded at $27.20. Approximately 8,266,923 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 36,631,472 shares. The stock had previously closed at $26.44.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Barclays increased their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Evercore ISI raised their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average target price of $28.71.
Read Our Latest Analysis on T
AT&T Trading Up 1.0%
The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market capitalization of $201.55 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The firm has a fifty day moving average price of $27.18 and a 200-day moving average price of $24.94.
AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business's revenue was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.96%. AT&T's dividend payout ratio (DPR) is presently 68.10%.
Institutional Investors Weigh In On AT&T
Several institutional investors and hedge funds have recently made changes to their positions in T. Game Plan Financial Advisors LLC lifted its stake in AT&T by 2.8% in the first quarter. Game Plan Financial Advisors LLC now owns 62,805 shares of the technology company's stock valued at $1,776,000 after buying an additional 1,700 shares during the period. SCS Capital Management LLC bought a new position in AT&T during the 1st quarter valued at $323,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in AT&T by 3.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company's stock worth $1,561,514,000 after purchasing an additional 1,783,363 shares in the last quarter. Optimize Financial Inc increased its stake in AT&T by 10.9% in the 1st quarter. Optimize Financial Inc now owns 51,568 shares of the technology company's stock valued at $1,458,000 after buying an additional 5,053 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its position in shares of AT&T by 207.4% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 4,435,404 shares of the technology company's stock worth $125,433,000 after buying an additional 2,992,699 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Company Profile
(
Get Free Report)
AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.
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